Todd Glaser and the Posner Group paid $105 million for a waterfront estate in Miami Beach that Glaser plans to knock down and replace with a spec mansion asking $300 million. Developer Sonny Kahn, a founding partner at Miami-based Crescent Heights, and his wife Suzanne sold the 2.3-acre estate at 5940 North Bay Road. The deal, in the works for about six months, closed on Monday, Glaser said. Glaser’s investor and partner, Jarrett and Sean Posner’s firm, financed the purchase.[...]
Read MoreAldi, a German-based discount grocer, has six Miami-Dade locations so it may surprise its fans to know that until shortly the chain has yet to open a location in Miami proper. That changes Thursday, June 15, when Aldi hopes for a lucky seven when it opens its newest store at 3750 S. Dixie Hwy. in Miami, near Coconut Grove’s Day Avenue and Higgs Street. The move comes amid Aldi’s plans to open 120 new stores in 2023, Grocer Dive reported[...]
Read MoreFor the third year in a row, Chambers USA, one of the oldest and most prestigious legal guides in the world, has ranked Bercow Radell Fernandez Larkin & Tapanes in Band 1 in the area of Real Estate: Zoning/Land Use Law – South Florida, the highest recognition given by Chambers. Jeffrey Bercow, co-founder and managing partner of the firm, and shareholders, Michael Larkin and Melissa Tapanes Llahues, were also recognized in the highest categories for lawyers in zoning and land[...]
Read MoreIt’s 5 p.m. on a recent weekday at the Douglas Road Metrorail Station, the unlikely hub of a buzzy, dense new urban neighborhood suddenly coming to life in the concrete shadow of the Miami-Dade County transit line’s elevated tracks. Just minutes apart, trains and Metrobuses disgorge working commuters and University of Miami students at the station, which is undergoing a multimillion-dollar overhaul. Free Coral Gables bus trolleys come and go, connecting passengers to the suburban city’s bustling downtown or to[...]
Read MoreThe owner of the former Miami Arena site has signed an agreement with the county to supply utilities for a massive new project. According to the agreement, the project will include: 2,360 residential units 28,000 square feet of full service restaurant 12,500 square feet of retail The developers will receive a credit for a 16,500-seat sporting facility previously connected to the utilities system to reduce the new connection charge. The connection charge is estimated at $2,085,466.50. There’s an additional Biscayne[...]
Read MoreAn affiliate of Houston-based Bazbaz Development has proposed an apartment complex in Miami’s Wynwood Arts District. The city’s Wynwood Design Review Committee will consider plans for the 1.51-acre site at 2110, 2118 and 2134 N. Miami Ave. plus 2135, 2129 and 2101 N.W. Miami Court on May 9. The vacant property covers half of an entire block just west of the FEC Railway. Wynwood Interest LLC, managed by Jacobo, Simon, John and Rosa Bazbaz of Bazbaz Development, purchased the land for $12[...]
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